German retail fund sales, which were breaking records in 2015, slowed a little in November with €4.1 billion of sales – just down on October’s €4.7 billion.
The BVI, Germany’s fund association, recently said that retail funds had recorded inflows of €63 billion net up to the end of October, which was roughly double the amount registered for the entire previous year.
Total new money placed by all investors into German funds in November 2015 was €11 billion net.
Since January last year, retail funds and ‘spezialfonds’, which are for institutional investors, totaled €171 billion in new business – the highest figure ever.
At the end of November, the German fund industry managed assets over €2.6 trillion, of which spezialfonds accounted for €1.4 trillion and retail funds accounted for €901 billion. Assets outside investment funds were €357 billion.
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